Denver-area seniors housing community trades
JLL’s Seniors Housing Capital Markets team led the sales efforts for Pine Grove Crossing, which offers assisted living and memory care services
DENVER, Feb. 19, 2025 – JLL Capital Markets announced today that it has completed the sale of Pine Grove Crossing, a 127-unit assisted living and memory care community in Parker, Colorado, within the Denver MSA.
JLL’s Seniors Housing team represented the seller, a real estate private equity group. An affiliate of Meridian Senior Living, LLC (“Meridian”) purchased the community. Meridian will the community on behalf of an institutional investor.
Completed in 2018, Pine Grove Crossing offers 100 assisted living and 27 memory care units in a three-story building. Residents have access to weekly shuttle bus excursions, private transport services for appointments, a beauty salon and barbershop, a gym with daily fitness classes, a library and outdoor patio space. In addition, all-day, full-service dining is provided to all residents and there is also an on-site bistro for coffee and pastries. Pine Grove Crossing is currently over 90% occupied.
The property is located at 19160 Cottonwood Dr. on a 4.41-acre site with plentiful surface parking. The immediate area surrounding the property is home to many retail establishments, including a Trader Joes and Costco, a major Advent Health Medical Center and is proximate to two heavily traveled state highways.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Meridian Senior Living
Meridian Senior Living, a privately held company based in Bethesda, Maryland, owns and operates seniors housing communities across the country. With more than 46 communities in 16 states and in Washington, DC, Meridian is one of the largest seniors housing operators in the U.S. The company prides itself on providing the highest quality care, exceptional lifestyle programming and a distinctive dining experience for its residents. For more information on Meridian Senior Living, visit meridiansenior.com.